Flputnam Investment Management Co. Raises Position in Lam Research Corporation $LRCX

Key Points

• Flputnam Investment Management Co. increased its holdings in Lam Research Corporation by 1.0% during the 1st quarter, bringing their total shares to 476,212, valued at approximately $34.6 million.
• Analysts have raised their price targets for Lam Research, with KeyCorp setting a new target of $115.00 and Raymond James raising theirs to $110.00, reflecting a strong confidence in the stock's performance.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26, indicating a healthy dividend payout ratio of 22.12% and providing a yield of 1.0% for shareholders.

Flputnam Investment Management Co. raised its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 476,212 shares of the semiconductor company's stock after buying an additional 4,823 shares during the period. Flputnam Investment Management Co.'s holdings in Lam Research were worth $34,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $31,000. Putney Financial Group LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $36,000. Finally, Saudi Central Bank acquired a new stake in shares of Lam Research in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LRCX shares. KeyCorp raised their price objective on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Raymond James Financial raised their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group began coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Needham & Company LLC lifted their price target on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Barclays set a $83.00 price target on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.30.

Lam Research Trading Down 3.8%

NASDAQ LRCX opened at $100.15 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm has a market cap of $126.75 billion, a PE ratio of 24.07, a P/E/G ratio of 1.29 and a beta of 1.65. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The firm's fifty day moving average is $99.45 and its two-hundred day moving average is $85.29.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 22.12%.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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